The Day's Winners
Dave & Buster's
( DAB) was rising 13% to $11.98 on word a management-led investment group has agreed to acquire the company for $155 million. The group is offering $12 a share for the company.
was gaining more than 12% to $43.32 a day after the arts and crafts retailer reported first-quarter earnings of 29 cents a share, topping estimates by 9 cents. Revenue rose 15% to $603.2 million.
was climbing 11% to $14.23 following an announcement that the company will replace
( AVNT) in the S&P SmallCap 600 after the close of trading on Tuesday.
has decided to accept a $725 million class-action settlement with patients exposed to faulty hip and knee implants, according to reports, and the news was sending the company's shares up 13% to $15.36. Sulzer, a medical technology company, is changing its name to Centerpulse.
The Day's Losers
Medical Action Industries
, a supplier of medical and surgical disposable products, were falling 14% to $12.67 after the company reported fourth-quarter earnings of 17 cents a share, 2 cents shy of the estimate of the one analyst who follows the company. Medical Action also forecast fiscal 2003 earnings of 83 cents to 88 cents.
NCI Building Systems
was losing 8% to $19.70 after Wachovia Securities downgraded the stock following the company's quarterly earnings report. NCI, a maker of metal products for the building industry, met analysts' second-quarter estimates but forecast third-quarter earnings that would be below the consensus estimate.
( YBTVA) was dropping 8% to $20.18 after Merrill Lynch cut its near-term rating on the stock to reduce/sell from neutral. The firm said Young's broadcast cash flow at KRON-TV in San Francisco has collapsed with the loss of its NBC affiliation.